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Home   About   Membership   Resources   Government Affairs   Meetings & Events May 11, 2010

Family tradition secret to 100 years of success of pawnshop in Sacramento, Calif.
KXTV    Share   Share on FacebookTwitterShare on LinkedinE-mail article
The oldest family-operated pawnshop in Sacramento, Calif., is celebrating over 100 years in business. California Loan & Jewelry Co. is one of many long-surviving businesses in the Sacramento region who have weathered the Great Depression and now the current recession. "We've now gone through three generations and we'll go on hopefully another 100 years," said Warren Anapolsky who currently runs the business with his brother Larry. The company was originally founded in 1909 by twin brothers William and Joe Anapolsky. More

YouTube via Contra Costa Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawnshops have been around for centuries and are still an important part of people’s financial lives. Elizabeth Fries of Pleasant Hill Coin & Exchange in California discusses the pawnshop profession.

Fort Worth, Texas, council votes to allow pawnshops to stay open
Fort Worth Star-Telegram    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Fort Worth City Council in North Texas voted 7-2 to allow a group of pawnshops to keep operating indefinitely, ending an emotional debate about predatory lending practices and the impact of zoning on neighborhoods. The council had been considering rescinding a zoning ordinance that pushed pawnshops out of neighborhoods. But their decision late last night will have little immediate impact, since the affected shops were allowed to keep operating as "grandfathered" businesses. More
Related story:  Zoning change allows group of Fort Worth, Texas, pawnshops to remain open (WFAA-TV)

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Pawnshops for affordable Mother's Day gifts
KSAZ-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Lora Goldfarb from Glendale Pawn and Jewelry in Arizona she saw lots of customers come in to find a Mother's Day gift. "For Mother's Day and for other occasions. People will go to other stores and they'll price shop and then they'll come here," she says. "Every cent counts these days."

Mexico micro-lender mulls pawnshop expansion
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
One of Mexico's largest micro-lenders could expand into pawnshops to reach more borrowers who cannot access traditional forms of credit, the company's chief executive officer said. Financiera Independencia typically offers unsecured loans as small as a few hundred dollars to borrowers who want to open or expand a business. Many clients who cannot even qualify for a micro-loan turn to pawnshops, putting up personal items as collateral for cash loans at interest rates above 4 percent per month. More

National Pawnbrokers Association Convention Pawn Expo 2010!

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The National Pawnbrokers Association Convention PAWN EXPO 2010 is the most comprehensive gathering of educational speakers, manufacturers, distributors, and wholesalers in the industry. It is a tremendous opportunity to grow your business, ask questions, learn from experts, and network with fellow pawnbrokers from across the country. Click here to learn more.

Major acquisition for the Money Shop boosts UK pawnbroking offering
Business Wire via MarketWatch    Share    Share on FacebookTwitterShare on LinkedinE-mail
The Money Shop, the U.K.'s number one instant cash provider, has acquired Suttons & Robertsons, the fourth largest pawnbroking business in the U.K. The Money Shop, part of a publicly listed American company, Dollar Financial Corp, has been established on the high street for 14 years and has over 300 stores in the U.K. It is a member of the National Pawnbrokers Association and has the largest network of high street pawnbroking stores in the U.K. More

Pawn America pitches in for police program
The Courier-Life News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Onalaska Police Department in Wisconsin recently announced that LeadsOnline will remain a part of its crime fighting arsenal, thanks in part to its ongoing partnership with local retailer Pawn America. LeadsOnline enables law enforcement to track and analyze transaction records from pawnshops, secondhand stores, Internet drop-off stores and scrap metal recyclers nation wide. Officials say it has proven to be a valuable investigative tool and were a welcome addition to the department. More

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Seller beware when cashing in on gold
The Desert Sun    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Jerry Bearman bought the first of 45 jewelry stores at age 18, worked alongside famed "Jeweler to the Stars" Harry Winston and over six decades built a reputation on integrity. Bearman's father was in the business, as is his son. And thanks to a mix of luck and skill, the jewelry industry did right by him, the retired Palm Springs, Calif., resident said. So when Bearman recently noticed a local gold dealer was making claims that seemed too good to be true, he raised a red flag. He took 36.6 ounces of 14-karat stamped jewelry into the store and was offered $520, or $14.21 per gram. That was about 25 percent less than advertised. More

Armed, alert and not alone are rules for pawnshops
The Augusta Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
On Matt Butler's right forearm, in black ink, are the words "Trust Nobody." It's a motto that testifies to the decade Butler has spent working in pawnshops in Augusta, Ga. He has another motto, too, about the three things necessary to run a safe operation: "surveillance systems, firearms and a sixth sense." On a recent afternoon, Butler and his co-workers sat inside Downtown Pawn and talked about staying safe in an increasingly dangerous environment. Two weeks ago, pawnshop owner James Benny Tidwell was shot dead inside his store. More

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Vegas clientele entertains on 'Pawn Stars'
The Palm Beach Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
What I know about pawnshops is limited to Bon Jovi songs about six strings in hock and the scene in "Pulp Fiction" where Bruce Willis' character meets The Gimp, reporter Kelly Rausch writes. In short, I don't have a real good feeling about pawnshops. When I heard of the History Channel's half-hour reality series "Pawn Stars," I assumed the show would capitalize on the potential seediness of its Las Vegas location. More

Pawnshops in Kentucky town going paperless
WFIE-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Paperless is the new way to file for Owensboro, Ky., pawnshops. They're headed toward electronic filing, making it easier for law enforcement to track transactions. "We enter it into our system, we enter the serial number and model, the type of item and description," Josh Burden, the manager of the West Main Loan and Pawn said.

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NPA Weekly NewsBrief
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